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1. Dictionary

   Ec·o·nom·ics

   /ˌekəˈnämiks/

   

   plural

   • 1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
   • 2. the condition of a region or group as regards material prosperity: "he is responsible for the island's modest economics"

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2. arts-sciences.buffalo.edu › economics › aboutWhat is Economics? - Department of Economics - University at...

   arts-sciences.buffalo.edu › economics › about

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   What is Economics? Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society. Economics is More than Numbers.

3. www.aeaweb.org › resources › studentsWhat is economics? - American Economic Association

   www.aeaweb.org › resources › students

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   Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years. Economics ranges from the very small to the very large. The study of individual decisions is called microeconomics. The study of the economy as a whole is called macroeconomics.

4. openstax.org › books › principles-economics-3e1.1 What Is Economics, and Why Is It Important? - OpenStax

   openstax.org › books › principles-economics-3e

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   Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. These can be individual decisions, family decisions, business decisions or societal decisions.

5. open.lib.umn.edu › principleseconomics › chapter1.1 Defining Economics – Principles of Economics - Open Textbook...

   open.lib.umn.edu › principleseconomics › chapter

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   Economics is a social science that examines how people choose among the alternatives available to them. It is social because it involves people and their behavior. It is a science because it uses, as much as possible, a scientific approach in its investigation of choices. Scarcity, Choice, and Cost.

6. www.econlib.org › library › TopicsWhat Is Economics? - Econlib

   www.econlib.org › library › Topics

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   / What Is Economics? ECONLIB Guides. What Is Economics? Introduction. Economics is about making choices. We make all kinds of choices every day. How much should I spend on gas? What’s the best route to work? Where should we go for dinner? Which job or career should I go for?

7. economics.northwestern.edu › undergraduate › why-economicsWhat is Economics? - Northwestern University

   economics.northwestern.edu › undergraduate › why-economics

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   WHAT IS ECONOMICS? Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. THE FIELD OF ECONOMICS. As individuals, families, and nations, we confront difficult choices about how to use limited resources to meet our needs and wants.

8. www.thoughtco.com › trying-to-define-economics-1146357What Is Economics? - ThoughtCo

   www.thoughtco.com › trying-to-define-economics-1146357

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   Jul 2, 2019 · Economics is the study of the production, distribution, and consumption of wealth in human society, but this perspective is only one among many different definitions. Economics is also the study of people (as consumers) making choices about which products and goods to buy.